Kai Wo Shan Garden Villa Sells for HK$33M with Two Parking Spaces
On.cc · 2 SOURCESabout 2 hours ago1 MIN
Summary
A garden villa at Kai Wo Shan in Tuen Mun has been sold for HK$33 million along with two parking spaces. The buyer is a local customer who frequently travels between Hong Kong and mainland China for work, making the property ideal for large-home living and cross-border commuting. The transaction highlights sustained demand for premium detached houses in the New Territories.
Key Points
- The property at Kai Wo Shan No. 5 Garden Villa sold for HK$33 million, inclusive of two parking spaces
- The buyer is a local Hong Kong customer who needs to commute between Hong Kong and mainland China regularly due to work commitments
- The project, developed by Road King Infrastructure, comprises only 14 garden villas total
- The price per square foot exceeds HK$16,000, reflecting the premium nature of the property
- Sales Director Yan Jingfeng noted that demand for quality large units and garden houses remains strong
Why It Matters
This sale demonstrates continued appetite among affluent local buyers for low-density residential properties that accommodate both upscale living and practical cross-border mobility, particularly as Hong Kong-mainland connectivity remains a key factor in high-net-worth purchasing decisions .
This sale demonstrates continued appetite among affluent local buyers for low-density residential properties that accommodate both upscale living and practical cross-border mobility, particularly as Hong Kong-mainland connectivity remains a key factor in high-net-worth purchasing decisions .